Beachside apartment in Playa de Gandia – Sale proceeds as the equity
A married couple from Rhineland-Palatinate, both long active in healthcare, were planning the transition into retirement. Instead of a classic holiday property, they were looking for a home that can be used year-round and offers short distances to the beach and to shops.
In short
What was this case about?
A married couple from Rhineland-Palatinate, both long active in healthcare, were planning the transition into retirement. Instead of a classic holiday property, they were looking for a home that can be used year-round and offers short distances to the beach and to shops.
Is the Playa de Gandia also suitable for permanent living?
Yes. Outside the peak season, the Playa de Gandia offers a quiet residential environment with good infrastructure, shops, restaurants and a direct connection to the city of Gandia.
Can coast-specific modernisation be co-financed?
As a rule the Spanish bank does not co-finance modernisation — it belongs in the overall plan: equity or raising capital against German property.
Who arranged this?
Perini Finance & Property — German-speaking, operating under the §34i GewO licence held by Olga Nikushkina, Portugal through a locally licensed intermediary; 15 to 20 banks approached per case. First call free; on completion 1 % of the loan amount.
€598,000 apartment, €311,300 equity, €388,700 loan
- Purchase price: 598.000 €
- Renovation: 30.200 €
- Financing required: 388.700 €
- Equity: 311.300 €
Anonymised case figure · not a binding statement for other projects · §34i GewO
Property for sale in Playa de Gandia: living year-round with direct proximity to the Mediterranean
The Playa de Gandia is one of the best-known beaches on the Costa de Valencia. While many visitors associate the place with summer holidays, more and more German-speaking buyers deliberately choose a permanent residence right by the sea. Outside the peak season, the Playa de Gandia offers a quiet residential environment, generous promenades and good infrastructure for everyday life.
This practical case shows how buying a beachside apartment for owner-occupation can be financed over the long term.
Two health-care professionals want a home for the whole year
A married couple from Rhineland-Palatinate, both long active in healthcare, were planning the transition into retirement. Instead of a classic holiday property, they were looking for a home that can be used year-round and offers short distances to the beach and to shops.
After a longer search they chose a generous apartment in the second row from the sea at the Playa de Gandia. The residential complex had a lift, an underground garage and extensive communal areas.
Fees €71,800, renovation €30,200, €700,000 all in
- Purchase price: 598.000 €
- Additional costs: 71.800 €
- Renovation: 30.200 €
- Total investment: 700.000 €
- Equity: 311.300 €
- Financing required: 388.700 €
Proceeds from the family home, investments left untouched
The buyers had equity from the sale of their previous home. Even so, they deliberately wanted to keep financial reserves for retirement and not liquidate their investments entirely.
Before moving in, the apartment was to be adapted to the requirements of year-round living.
Salt-air resistant windows, kitchen, bath and cooling planned
The property was in good structural condition. The planned measures focused on comfort, functionality and protection from the climatic conditions in the immediate vicinity of the sea.
Planned were a new fitted kitchen, the modernisation of the bathroom, the replacement of several windows with more salt-air-resistant versions with improved thermal protection, modern air conditioning with individual room control and high-quality fitted wardrobes in the bedroom and entrance area.
As all measures were defined before the purchase contract was concluded, they could be fully included in the total investment.
Around 65% of the price, payment fits a retirement income
The financing was set at around 65 % of the purchase price. This kept enough equity as a long-term reserve, while at the same time creating an easily calculable monthly burden.
Alongside the purchase price, all acquisition costs and all planned modernisation were included in the overall plan from the outset — covered from equity, not by the bank loan. Later top-up financing was therefore not required.
An apartment for year-round living by the sea, reserves intact
Once the work was completed, a comfortable apartment was created that is optimally tuned to year-round living by the sea. The buyers were able to shift their centre of life to Spain gradually and still have sufficient financial reserves.
The financing remained stable over the long term and suited the income situation in retirement.
Coastal climate sets its own demands on windows and materials
An apartment near the beach places different requirements than a property inland. Materials, air conditioning and windows should be tuned to the coastal climate. If these measures are planned already at the purchase, a realistic overall calculation emerges and later surprises can be avoided.
Frequently asked
Is the Playa de Gandia also suitable for permanent living?
Can coast-specific modernisation be co-financed?
Why is existing equity not used in full?
Which properties are especially in demand at the Playa de Gandia?
Playa de Gandia apartment: quality of living all year round
The Playa de Gandia combines life by the Mediterranean with good infrastructure and a high quality of living throughout the year. An overall plan that budgets the purchase price, additional costs and all planned modernisation together from the start — the bank loan for the purchase price, additional costs and modernisation from equity — creates the basis for a relaxed and long-term centre of life on the Spanish coast.
More cases on this theme
Practical case Mallorca: Charming finca near Santanyí
Modernisation planned in from the start
Practical case Mallorca: Family house in Alcúdia
When the sale of the previous property is part of the financing
Practical case Mallorca: Finca with guesthouse in Deià
Two generations realise their dream together
A similar situation in Spain? Let's talk.
Every financing in Spanien is an individual case. In a free initial consultation I will tell you honestly what is feasible and which bank fits.
Book a free consultationAnonymised individual case, not a binding statement for other projects · Brokerage under the §34i GewO licence held by Olga Nikushkina (D-W-132-ZUCB-95); Siegfried Perini registered as directly involved person (§11a GewO) · no tax or legal advice · no financing commitment; conditions depend on creditworthiness, loan-to-value and bank